Condominium with Garage
For Sale
$339,990
7111 WOODMONT AVENUE Unit 316, Bethesda, MD 20815
The home includes in-unit laundry, updated bathroom fixtures, and access to an on-site fitness room.
Property Size712 SF
Price / SF$477.51
Days on Market195
Property Features for 7111 WOODMONT AVENUE Unit 316
General Information
Standard status
Active
Size
712 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,129
Amenities
on-site gym
in-unit washer/dryer
Building Details
Building Size
712 SF
Year Built
2000
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Cheongah Gray · License #0519226
(202) 999-7912
Source:
Canopy-re
Added: Apr 17
Changed: Oct 27
Last Checked: Oct 26 at 3:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 712-square-foot condominium in Bethesda has upgraded kitchen appliances and a refreshed bathroom with a new vanity and toilet. An in-unit washer and dryer, a spacious closet, and one assigned garage parking space are also included. The building has an on-site gym and was built in 2000.
The property is near Metro service, shops, restaurants, parks, and the Capital Crescent Trail.
The property is near Metro service, shops, restaurants, parks, and the Capital Crescent Trail.
Key Highlights
- 712 sq ft of living space
- Assigned garage parking space
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,756
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,120
$235.1K
Cap Rate 7%
$167,943
$167.9K
Cap Rate 9%
$130,622
$130.6K
Market Conditions
NOI Build-Up for 712 SF
Gross rent
$23.0K $32.28/SF
− Vacancy
−$1.6K −$2.26/SF
EGI
$21.4K $30.02/SF
− OpEx
−$9.6K −$13.51/SF
NOI
$11.8K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,120
Cap Rate 7%
$167,943
Cap Rate 9%
$130,622
Alternative Uses
Best Use
Apartment 5plus
$167.9K
$147.0K – $195.9K
NOI $11,756 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$250.5K
$219.2K – $292.2K
NOI $17,533 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 20815, MD
31,517
Population
14,192
Households
2.2
Avg Household Size
46
Median Age
85%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,836
Density / Sq Mi
$198,243
Median Household Income
$106,711
Median Earnings
$2,408
Median Rent
$1,230,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The home includes in-unit laundry, updated bathroom fixtures, and access to an on-site fitness room.
Where is this residential income property located?
The property is located at 7111 WOODMONT AVENUE Unit 316 Bethesda, MD.
What is the asking price?
The asking price for this property is $339,990.
What are key features of this property?
This property features: 712 sq ft of living space; Assigned garage parking space; In‑unit washer and dryer
